https://www.taxtmi.com/caselaws?id=292140 The Court granted an extension of 50 days in the Corporate Insolvency Resolution Process (CIRP) period under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The decision aimed to provide a final opportunity for resolution for the Corporate Debtor, M/s. Alpine Realtech Private Limited, considering the exceptional circumstances, time consumed in unavoidable litigation, and the potential for resolution. The judgment emphasized the discretion of the Adjudicating Authority to extend the CIRP period in cases where delays were not attributable to the litigants, aligning with principles outlined in a Supreme Court judgment. en-us Tue, 18 Feb 2020 00:00:00 +0530 Tue, 08 Dec 2020 10:17:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292140 The Court granted an extension of 50 days in the Corporate Insolvency Resolution Process (CIRP) period under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The decision aimed to provide a final opportunity for resolution for the Corporate Debtor, M/s. Alpine Realtech Private Limited, considering the exceptional circumstances, time consumed in unavoidable litigation, and the potential for resolution. The judgment emphasized the discretion of the Adjudicating Authority to extend the CIRP period in cases where delays were not attributable to the litigants, aligning with principles outlined in a Supreme Court judgment. Case-Laws Insolvency and Bankruptcy Tue, 18 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292140